Lianming(SH:603006)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 238,923,953.26, representing a year-on-year increase of 2.36%[5] - The net profit attributable to shareholders was CNY 27,250,788.14, marking a significant increase of 67.95% compared to the same period last year[5] - Basic earnings per share rose to CNY 0.11, reflecting an increase of 78.63% year-on-year[5] - Operating profit for Q1 2023 was CNY 35,784,528.84, representing a significant increase of 51.6% from CNY 23,574,790.02 in Q1 2022[19] - The net profit for Q1 2023 was CNY 28,790,010.99, a 63.7% increase compared to CNY 17,557,774.96 in Q1 2022[20] - The total comprehensive income for Q1 2023 was CNY 28,790,010.99, reflecting a 63.7% increase from CNY 17,557,774.96 in Q1 2022[20] Cash Flow and Investments - The net cash flow from operating activities decreased by 13.42% to CNY 46,931,714.27[5] - Operating cash inflow for Q1 2023 was CNY 317,430,079.04, a decrease of 10.7% from CNY 355,403,070.21 in Q1 2022[22] - The net cash flow from operating activities was CNY 46,931,714.27, down 13.3% from CNY 54,207,923.80 in the previous year[22] - The company reported cash inflow from investment activities of CNY 38,765,800.82, compared to CNY 30,071,876.58 in Q1 2022[23] - The net cash flow from investment activities was CNY 9,185,969.68, a significant improvement from a net outflow of CNY 48,929,635.58 in the same quarter last year[23] - The company paid CNY 7,840,000.00 in dividends during Q1 2023, compared to CNY 108,750.00 in Q1 2022[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,229,744,954.40, a decrease of 2.65% from the end of the previous year[5] - Total current assets decreased to CNY 1,282,216,638.54 as of March 31, 2023, down from CNY 1,325,152,735.99 at the end of 2022, a decline of 3.2%[16] - Total non-current assets decreased to CNY 947,528,315.86 as of March 31, 2023, down from CNY 965,290,933.57 at the end of 2022, a decline of 1.8%[16] - Total liabilities decreased to CNY 487,297,844.01 as of March 31, 2023, down from CNY 568,946,570.16 at the end of 2022, a reduction of 14.3%[17] - Total equity increased to CNY 1,742,447,110.39 as of March 31, 2023, compared to CNY 1,721,497,099.40 at the end of 2022, an increase of 1.2%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,011[10] - The largest shareholder, Shanghai Lianming Investment Group Co., Ltd., held 69.92% of the shares, with 63,176,064 shares pledged[11] Research and Development - Research and development expenses increased by 100.09%, indicating a focus on enhancing product development[8] - Research and development expenses rose to CNY 8,578,300.40 in Q1 2023, compared to CNY 4,287,296.03 in Q1 2022, marking an increase of 100.8%[19] Other Financial Metrics - The weighted average return on equity was 1.88%, up by 61.83% from the previous year[5] - Total operating costs for Q1 2023 amounted to CNY 212,759,764.52, up from CNY 210,110,994.66 in Q1 2022, reflecting a year-over-year increase of 0.78%[19] - The company reported a significant increase in investment income of 23,372.58%, primarily due to the sale of Jiangsu Beiren shares[8] - Cash and cash equivalents increased to CNY 461,030,424.19 as of March 31, 2023, up from CNY 413,137,049.10 at the end of 2022, an increase of 11.6%[16] - Inventory as of March 31, 2023, was CNY 359,851,031.46, slightly up from CNY 353,823,771.43 at the end of 2022, an increase of 1.6%[16]